Rs.60 lacs to be transferred from abroad to india- approval?
CA Abhishek Singh (practice) (2106 Points)
11 February 2013
1 Replies
CA Kedar Sakhardande
(Proprietor)
(942 Points)
Replied 12 February 2013
Hi in what form he is receiving the money?
You need to report to Authorised Dealer and they have to arrange for KYC and FIRC
In case, it is a capital remitance then there are additional forms such as FCGPR to be filed.
Further you need to ensure that the transfer is approved as per FDI
regards
kedar
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